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FIRST SOLAR, INC. Director's Dealing 2010

Dec 16, 2010

30228_dirs_2010-12-16_3ea302a3-97e4-4daf-a32b-f1f7976fb2d5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST SOLAR, INC. (FSLR)
CIK: 0001274494
Period of Report: 2010-12-15

Reporting Person: MEYERHOFF JENS (CFO, Pres, Util. Sys. Bus.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-12-15 Common Stock M 625 $20.00 Acquired 14185 Direct
2010-12-15 Common Stock S 625 $140.00 Disposed 13560 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-12-15 Non-Qualified Stock Options (Right to Buy) $20.00 M 625 Disposed 2013-11-16 Common Stock (625) Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

F2: This option to purchase 187,501 shares was granted on November 16, 2006. The option vested with respect to 20% of the underlying shares on June 1, 2007, and has vested or will vest ratably each month during the 48 month period thereafter, subject to the reporting person's continued employment with the Issuer.